Business Objects posts flat quarterly earnings; updates view

KatherineHunt

SAN FRANCISCO (MarketWatch) -- Business Objects SA
bobj
after Wednesday's closing bell reported third-quarter net earnings of $19.6 million, or 21 cents a share and American Depositary Share, compared with $19.6 million, or 21 cents a share and ADS, during the year-ago period. Pro forma earnings were 41 cents a share. The maker of business intelligence software posted revenue of $310.4 million vs. $261.4 million. Analysts polled by Thomson First Call had forecast third-quarter earnings of 34 cents a share on revenue of $295 million. Additionally, Business Objects said it expects fourth-quarter per-share earnings of 29 cents to 34 cents, or 53 cents to 58 cents on a pro forma basis, on revenue of $348 million to $356 million. For fiscal 2006, the company said it now sees per-share earnings of 71 cents to 76 cents, or $1.57 to $1.62 on a pro forma basis, on revenue of $1.23 billion to $1.24 billion.

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